Air Products Earnings Rise 10.5%

11:22 AM MDT | October 21, 2011 | Vincent Valk

Air Products’ fiscal fourth-quarter net income rose 10.5% year-on-year, to $325 million, or $1.51/share, the company says. Sales rose 11%, to $2.6 billion, while operating income rose 6%, to $425 million. On a sequential basis, sales rose 1% and operating income rose 2%. Results were in line with analyst estimates, as reported by Thomson Reuters (New York), but the company's fiscal 2012 forecast fell below Wall Street expectations. “This quarter’s improvements were driven by growth in emerging markets and strong performance in our...